Solo 401k for Real Estate Agent


Can a real estate agent filing a schedule C , with 1099  from  coldwell banker start her own solo 401k?  she files basically as a business, with business expenses. Her only income is the 1099  , usually over 100k per year.


Hi and yes as that is the most common way of generating self-employment income and the most popular group that open a solo 401(k) plan. Because she files a Schedule C to report her earned income from self-employment activity, her contributions to the solo 401k plan will be based on line 31 (Ne profit of loss line) of her Schedule C which is an attachment to her personal tax return (Form 1040). Click here to learn more about self-employment income and types of entities.

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>